Plans for reindustrialization and need to expand infrastructure are among motives attracting investors from China
01/10/2024
Plans for reindustrialization, the need to expand infrastructure and low investment risks have put Brazil in the sights of Chinese investors. During the Brazil China Meeting forum, which began on Wednesday in Shenzhen, companies that have already won auctions or are preparing to invest in the country reported their experiences and concluded that there is a need to intensify the exchange of information between the two countries in order to strengthen relations.
In an initiative by Valor and Lide, the meeting included Chinese groups such as CRCC, which won the auction to build the Salvador-Ilha de Itaparica bridge, in Bahia. According to Liao Jun, head of the CRCC International group, the start of construction has been delayed due to the pandemic. “But they will start this year,” he said.
“Our company is interested in participating in projects in Brazil,” said Deng Yong , CRCC CEO, a 75-year-old company that has become one of China’s strongest groups, responsible for major railroad projects and construction in ports and airports in several regions.
According to Mr. Jun, the Chinese “lack information” about Brazil’s mobility and transportation needs.
“We are willing to take part in Growth Acceleration Programs (PAC) projects, offer intelligent mobility projects and make partnerships with Brazilian universities,” said Yin Xinglei, vice president with the CREC group, a subsidiary of China Railway Group, a giant in the infrastructure sector.
Brazil is a coveted destination for Chinese investors, according to Portuguese engineer João Andrade, with engineering consultancy Future, which works to support Chinese investors globally.
For Mr. Andrade, it is important for Brazil to be attentive to these partnerships. “Brazil leads agribusiness on the one hand, but on the other, its logistics don’t keep up with this development,” he said during a panel on infrastructure and transportation.
The country can, however, take advantage of the experience that China has acquired in this area over the last 20 years.
*Por Marli Olmos — Shenzhen
Source: Valor International